Managed Print Services Contracts Continue to Grow in Q1

While the worldwide hardcopy peripherals (HCP) market experienced an overall declining, managed print services (MPS) contracts continued to grow with over 1.8 million printers being shipped alongside in the first quarter of 2016 (Q1 2016).

According to International Data Corporation (IDC), Asia/Pacific, Japan, Western Europe, and the United States are the main contributors to the positive contractual momentum, with year-over-year growth ranging from 3.9% to 41%. The HCP market shipments fell 10.6% year-over-year (YOY) to 23.11 million units in Q1, while inkjet printers and laser market decreased 11.1% and 10.5% respectively year-over-year.

Other highlights from the first quarter include:

  • High end color laser devices (45 ppm+) continued to grow year over year, gaining 8.4% in 1Q16.
  • Epson maintained its year-over-year growth stake, increasing 6.7% in Q1 due to the effect of the Chinese market.
  • HP laser business grew 3.0% year over year in North America (U.S. and Canada), accounting for 39% share, while color laser 21-30 ppm grew 785.5% annually, as both printer and MFP shipments moved upstream. The Color LaserJet M2xx family is driving demand, where HP had found great acceptance of the new Jet Advantage technology.

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